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Wolf Minerals sets up UK headquarters in Tamar Science Park
Wolf Minerals, the company leading the project to reopen the Hemerdon tungsten and tin mine near Plymouth, has established its UK base at Tamar Science Park (TSP).
The dual Australian ASX and London AIM listed company has moved into the Drake building, within Phase 4 of the Park.
They join around 80 business already located at the Park, employing a total of more than 650 staff with a combined turnover in excess of £95 million.
Establishing its Plymouth offices marks yet another milestone for Wolf as it continues work towards bringing the mine - the fourth largest tungsten resource in the world - back into production.
Earlier this year Wolf completed the first major infrastructure work on the project, when a 600m link road was completed between Lee Moor Road and West Park Hill in Plympton. Work to assemble the finance and equity investment to fully develop the £120 million mine is at an advanced stage.
It is anticipated that when fully up and running the project - which has planning permission in place - will generate 230 direct jobs, and many more indirect jobs, pumping millions of pounds into the local economy and developing a new skills and technology base.
Jeff Harrison, Wolf's UK Operations Manager, said: "It's a very busy time for the Hemerdon project as we work to develop in detail the technical and engineering aspects of the mine commissioning and production processes.
"Tamar Science Park is an ideal base for us, with all the services we need on hand as well as being within easy travelling distance of the mine site."
TSP is a founding partner in GAIN (the Growth, Acceleration and Investment Network), which was set up by Plymouth University, Plymouth City Council and TSP to accelerate growth and investment in high quality businesses and ideas to create wealth and jobs in the region. Companies based at TSP have access to a wide range of business services and top quality resources.
Simon Chamberlain, chairman of TSP, said: "Hemerdon is a really exciting project for the Plymouth area and we are very pleased that Wolf Minerals have chosen to be based at TSP as they work towards developing the mine."
Prof Julian Beer, Pro Vice-Chancellor for Regional Enterprise at Plymouth University, said: "Wolf Minerals in an international business that will bring major economic benefits to Plymouth and build on the region's expertise in mining and minerals extraction. Hemerdon is also a great opportunity for research and collaboration, and through GAIN we will be doing everything we can to support this important project."
Council leader Tudor Evans, whose portfolio includes economic growth added: "This is great news for Tamar Science Park and the wider city.
"Wolf Minerals' project is coming on in leaps and bounds and having their team in the heart of a park that prides itself on being a powerhouse of innovation and technology; makes perfect sense. As a city we want more jobs and more skills here, Wolf Minerals is helping us to achieve that."
Tamar Science Park is jointly owned by Plymouth University and Plymouth City Council, and as part of the regional GAIN network provides a complete package for businesses including office space at one of the focal points for business innovation and growth in the South West and access to a full range of business support services.
Caption: Wolf Minerals' UK Operations Manager Jeff Harrison with leader of Plymouth City Council Tudor Evans, outside Wolf's new UK office at Tamar Science Park. They are holding a sample of Wolframite, the mineral ore that tungsten is derived from.
They join around 80 business already located at the Park, employing a total of more than 650 staff with a combined turnover in excess of £95 million.
Establishing its Plymouth offices marks yet another milestone for Wolf as it continues work towards bringing the mine - the fourth largest tungsten resource in the world - back into production.
Earlier this year Wolf completed the first major infrastructure work on the project, when a 600m link road was completed between Lee Moor Road and West Park Hill in Plympton. Work to assemble the finance and equity investment to fully develop the £120 million mine is at an advanced stage.
It is anticipated that when fully up and running the project - which has planning permission in place - will generate 230 direct jobs, and many more indirect jobs, pumping millions of pounds into the local economy and developing a new skills and technology base.
Jeff Harrison, Wolf's UK Operations Manager, said: "It's a very busy time for the Hemerdon project as we work to develop in detail the technical and engineering aspects of the mine commissioning and production processes.
"Tamar Science Park is an ideal base for us, with all the services we need on hand as well as being within easy travelling distance of the mine site."
TSP is a founding partner in GAIN (the Growth, Acceleration and Investment Network), which was set up by Plymouth University, Plymouth City Council and TSP to accelerate growth and investment in high quality businesses and ideas to create wealth and jobs in the region. Companies based at TSP have access to a wide range of business services and top quality resources.
Simon Chamberlain, chairman of TSP, said: "Hemerdon is a really exciting project for the Plymouth area and we are very pleased that Wolf Minerals have chosen to be based at TSP as they work towards developing the mine."
Prof Julian Beer, Pro Vice-Chancellor for Regional Enterprise at Plymouth University, said: "Wolf Minerals in an international business that will bring major economic benefits to Plymouth and build on the region's expertise in mining and minerals extraction. Hemerdon is also a great opportunity for research and collaboration, and through GAIN we will be doing everything we can to support this important project."
Council leader Tudor Evans, whose portfolio includes economic growth added: "This is great news for Tamar Science Park and the wider city.
"Wolf Minerals' project is coming on in leaps and bounds and having their team in the heart of a park that prides itself on being a powerhouse of innovation and technology; makes perfect sense. As a city we want more jobs and more skills here, Wolf Minerals is helping us to achieve that."
Tamar Science Park is jointly owned by Plymouth University and Plymouth City Council, and as part of the regional GAIN network provides a complete package for businesses including office space at one of the focal points for business innovation and growth in the South West and access to a full range of business support services.
Caption: Wolf Minerals' UK Operations Manager Jeff Harrison with leader of Plymouth City Council Tudor Evans, outside Wolf's new UK office at Tamar Science Park. They are holding a sample of Wolframite, the mineral ore that tungsten is derived from.
